Core & Main Acquires J.W. D'Angelo For Undisclosed Sum

Core & Main Inc CNM has entered into a definitive agreement to acquire J.W. D'Angelo Co Inc (Dangelo Co) for an unknown sum.

Dangelo is a fire protection and waterworks products service provider with three locations in Southern California.

Dangelo's products include pipe, valves, fittings, post indicator valves, storm drain and sewer materials, and other related products.

"The breadth of knowledge, dedication to outstanding customer service, and complementary product and service offering gained with this strategic acquisition will greatly bolster our presence and service capabilities in Southern California," said President Brad Cowles.

CNM held $1 million in cash and equivalents as of April 30, 2023.

Price Action: CNM shares closed higher by 0.86% at $28.23 on Monday.